I don’t have any real experience actually dealing with banks for financing or looking at real OM’s or seller documentation or actually underwriting a multi family … so I’m really not familiar with any of this stuff other than just the text instructions, you can say. 

Returns in the OM were projecting less than the biggest companies but the financing was a 7 year fixed ARM with a 20 year amortization.

My question is more in terms om how do I actually collect this from guests via Airbnb (since they dont collect automatically to your point) and I am afraid they may be penalising me for collecting surplus tax in how they display bookings. 

But when I go hunting for OMs in Europe, I can’t even seem to find listing brokers.Does anyone know where I might be falling short?

If there isn't clear detailed underwriting in the OM, I would steer away..usually a red flag. 

C h r i s @ r i s i n g t i d e b u y s . c o m

@Patrick Wheeler Call my buddy Jim Henebry at Haverhill Bank.https://www.linkedin.com/in/jim-henebry-96242a17/jimhene [email protected] om

@Skylar Vincent An OM off of a deal on Crexi or from an MF broker typically has some form of a rent roll and P&L within them.

Last week I received an OM (offering memorandum) for a 12 Unit property in Turner Field.

If your in NC like your profile says I don't think you have to look to far for a strong market.Things to be aware of:overpayingnot raising enough capex dollarsunderestimating capex budgetchoosing the wrong PM companynot getting right coverage on insurancetrying to rehab project from cash flowbuying in the hoodgoing of the OM proformathere are numerous ways to make a deal go sideways.